Another day, another new high

Despite slight cooling into the close, it was another day for the bull maniacs, with a new multi-month high of sp'2087, and Dow 17962. For the moment, even a minor retrace of 1-2% looks difficult, as the market grows in confidence that everything is just...... fine.


sp'weekly

Dow, weekly

Summary

Little to add, on what was a largely tedious day.
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Looking ahead

*overnight: China, GDP/production data, and that will clearly be important for early action in Asia/Europe
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Friday will see Empire state manu', indust' prod', and consumer sent'.

It will be opex, so expect increasingly dynamic price action into the weekly close.

*Fed official Evans will be speaking at a JPM conf'.
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Goodnight from London